---
schema_version: "secwatch.filing_event.v1"
accession: "0000772406-24-000015"
form_type: "8-K"
ticker: "CRUS"
cik: "0000772406"
company_name: "CIRRUS LOGIC, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:17:49.995404+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cirrus Logic Q4 FY24 revenue $371.8M, GAAP EPS $0.81; FY24 revenue $1.79B, non-GAAP EPS $6.59

## Summary
- Q4 FY24 revenue $371.8M (above guidance); GAAP gross margin 51.8%; non-GAAP EPS $1.24.
- Full FY24 revenue $1.79B (-6% YoY); GAAP EPS $4.90; non-GAAP EPS $6.59 (+3% YoY).
- Q1 FY25 guidance: revenue $290-350M; GAAP gross margin 49-51%; non-GAAP opex $118-124M.
- Next-gen custom boosted amplifier and first 22nm smart codec on track for fall 2024 launches.
- One customer contributed 86% of Q4 revenue and 87% of FY24 revenue; $186M share repurchases in FY24.

## SEC filing metadata
- accession: 0000772406-24-000015
- form_type: 8-K
- ticker: CRUS
- cik: 0000772406
- company_name: CIRRUS LOGIC, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/crus-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000772406-24-000015
- JSON: https://secwatch.observer/filing/0000772406-24-000015.json
- Plain text: https://secwatch.observer/filing/0000772406-24-000015.txt

## Key facts
- Earnings Releases
  CIRRUS LOGIC, INC. reported Q4 FY24 results: revenue $371.8 million, EPS $0.81 GAAP and non-GAAP earnings per share of $1.24.
  - Period: Q4 FY24
  - Revenue: $371.8 million
  - EPS: $0.81 GAAP and non-GAAP earnings per share of $1.24
  - Result: reported results
  source text: Reported Financial Results – Fourth Quarter FY24 • Revenue of $371.8 million; • GAAP and non-GAAP gross margin of 51.8 percent and 51.9 percent; • GAAP operating expenses of $140.2 million and non-GAAP operating expenses of $116.5 million; and • GAAP earnings per share of $0.81 and non-GAAP earnings per share of $1.24.
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm
- Earnings Releases
  CIRRUS LOGIC, INC. reported full fiscal year 2024 results: revenue $1.79 billion, EPS $4.90 GAAP and non-GAAP earnings per share of $6.59.
  - Period: full fiscal year 2024
  - Revenue: $1.79 billion
  - EPS: $4.90 GAAP and non-GAAP earnings per share of $6.59
  - Result: reported results
  source text: Reported Financial Results – Full Fiscal Year 2024 • Revenue of $1.79 billion; • GAAP and non-GAAP gross margin of 51.2 percent and 51.3 percent; • GAAP operating expenses of $572.6 million and non-GAAP operating expenses of $470.4 million; and • GAAP earnings per share of $4.90 and non-GAAP earnings per share of $6.59.
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm
- Earnings Releases
  CIRRUS LOGIC, INC. reported Q1 FY25 results: revenue $290 million to $350 million.
  - Period: Q1 FY25
  - Revenue: $290 million to $350 million
  - Result: guidance update
  source text: Business Outlook – First Quarter FY25 • Revenue is expected to range between $290 million and $350 million; • GAAP gross margin is forecasted to be between 49 percent and 51 percent; and • Combined GAAP R&D and SG&A expenses are anticipated to range between $142 million and $148 million, including approximately $22 million in stock-based compensation expense and $2 million in amortization of acquired intangibles, resulting in a non-GAAP operating expense range between $118 million and $124 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/772406/000077240624000015/0000772406-24-000015-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.